Source: IHS Markit The private sector in the United Kingdom grew by a three-month high in October, backed by the growth of service providers during the period. EWU is up 0.06% premarket. The headline seasonally adjusted IHS Markit/CIPS Flash UK Composite Output Index rose to 56.8 from 54.9, the highest since July.The UK Services Business Activity Index jumped to a … [Read more...] about UK Private Sector Activity Climbs to Three-Month High
Forex News
Supply Constraints Drag Eurozone Business Activity to Six-Month Low
Source: IHS Markit Business activity in the Eurozone plunged to a six-month low in October, dragged by the supply constraints and ongoing issues brought about by the COVID-19 pandemic. EZU is up 0.54% premarket. The Flash Eurozone PMI Composite Output Index fell to 54.3 in October from 56.2 in September, while services activity fell to 54.7 from 56.4.Both readings are the … [Read more...] about Supply Constraints Drag Eurozone Business Activity to Six-Month Low
Japan Business Sector Returns to Expansion for First Time in Six Months
Source: IHS Markit Japan’s business sector expanded for the first time in six months in October, as the dominant service sector posted a nine-month high. EWJ is up 0.94% premarket. The Flash Composite Output Index stood at 50.7, higher than the 50 threshold that separates expansion from contraction. The latest reading follows 47.9 in September and is the first … [Read more...] about Japan Business Sector Returns to Expansion for First Time in Six Months
UK Retail Volumes Continue to Slip in September
Source: Office for National Statistics Retail sales volumes in the United Kingdom continued to decline in September, following the fall in the performance of non-food stores and automotive fuel sales. EWU is up 0.18% premarket. Retail sales in the UK fell by 0.2% in September, following the 0.6% decline the previous month. Volumes remained 4.2% up from pre-COVID-19 … [Read more...] about UK Retail Volumes Continue to Slip in September
Analysts Foresee a Flexible Easing of Stimulus by ECB to Offer Stress Relief to Markets
Source: Bloomberg Most economists expect the European Central Bank to raise the pace of regular bond-buying next year before the program ends in March to address eventual market stress. ECB is also expected to maintain flexibility in the pace of pandemic purchases. DAX is up +0.84%, EURUSD is up +0.07%. The economists expect the ECB to start phasing out the bond … [Read more...] about Analysts Foresee a Flexible Easing of Stimulus by ECB to Offer Stress Relief to Markets
